Perpetual Direct Equity Alpha Portfolio

Transcription

1 Perpetual Direct Equity Alpha Portfolio 26 July 2017 About this Managed Portfolio Disclosure Document This Managed Portfolio Disclosure Document (Disclosure Document) has been prepared and issued by HUB24 Custodial Services Ltd (ABN , AFSL ) ( HUB24, the Operator, we, us or our ) as operator of the Investor Directed Portfolio Service (the Service ), about which you have expressed an interest or in relation to which you may be an existing investor. The information contained in this Disclosure Document should be read in conjunction to the Investor Directed Portfolio Service Guide for the Service ( IDPS Guide ). If you do not have a copy of the IDPS Guide, you can obtain a copy free of charge from your financial adviser or the Operator. This Disclosure Document is intended only for the purposes of providing an overview of the key features of the managed portfolio available through the Service. The information contained in this Disclosure Document is not intended to be a definitive statement nor an endorsement that this managed portfolio is appropriate for you and should not be relied upon in making a decision to invest. To understand all the fees payable when you select a particular investment option, you must refer to the IDPS Guide and the Product Disclosure Statement (or other disclosure document) for the investment option. Refer to the IDPS Guide for details. Any statement made by a third party or based on a statement made by a third party in this Disclosure Document has been included in the form and context in which it appears with the consent of the third party, which has not been withdrawn as at the date of this Disclosure Document. General Advice Warning The information in this Disclosure Document is general information only and does not take into account your individual objectives, financial situation, needs or circumstances. Before acting on this information, you should consider its appropriateness, having regard to your individual objectives, financial situation, needs and circumstances. Before making a decision about whether to acquire or continue to hold the Perpetual Direct Equity Alpha Portfolio, you should consider the IDPS Guide. The IDPS Guide is available free of charge by contacting your financial adviser or the Operator. When designing the portfolio, the portfolio manager does not take into account any potential investors investment objectives, financial situation or needs. You should also consider the Product Disclosure Document (or other disclosure document) for any underlying investment options acquired under this managed portfolio before making any investment decision. Upon request, your financial adviser or the Operator must give you (free of charge) a copy of this documentation. If you d like to request a free printed copy of this Disclosure Document or have any questions or would like any more information about the Perpetual Direct Equity Alpha Portfolio, please contact your financial adviser or the Operator. Eligibility You can only invest in the Service if you are advised by a financial adviser (adviser), unless otherwise approved by us, so you can receive financial advice for each investment you are considering, including investments held through the managed portfolio described in this Disclosure Document. 1

2 Managed portfolio Perpetual Direct Equity Alpha Portfolio Portfolio manager The portfolio manager is Perpetual Trustee Company Limited (ABN , AFSL ) ( PTCo ). The portfolio manager is responsible for designing and managing the composition of this managed portfolio to meet the investment objectives and investment strategy detailed below. Execution of investment strategy Code HUB24 is responsible for implementing the investment instructions of the portfolio manager, by buying and selling of shares, taking into consideration, timing, trading costs (such as brokerage and currency costs, if applicable) and the mandate of the portfolio. HUB24 has the right to vary the managed portfolio, as set out in the IDPS Guide. PIM001 Inception date 28/03/2013 Minimum initial investment amount Designed for Investment objective Investment strategy Investment universe Benchmark No minimum The portfolio is designed for investors with an investment horizon of five or more years, who are seeking both long term capital growth and income from a concentrated portfolio of quality Australian shares. The objective of the portfolio is to provide investors with long-term capital growth and income through an investment in quality Australian shares that aims to outperform the returns of the S&P/ASX 300 (TR). The portfolio manager s investment style is first and foremost based on bottomup fundamental analysis. This approach firstly selects stocks based on company specific fundamentals, and then by the relative attractiveness of their value. The outcome of this investment process is that the portfolio will demonstrate value characteristics. Refer to the Investment strategy and process section below for further details. Australian listed securities (or to be listed within 6 months) and cash. The portfolio does not invest in derivatives. S&P/ASX 300 (TR) Asset allocation ranges Minimum Maximum Australian shares 80% 100% Cash 0% 20% Portfolio income All income derived from this portfolio will be retained in the portfolio. Typical number of securities 10 to 25 stocks Number of securities published to client Top 5 2

3 Turnover aim The portfolio does not have a specific turnover aim. Actual turnover for the portfolio will vary depending on market conditions and opportunities Minimum suggested timeframe 5 years Investment management fee Investment performance fee Other fees and costs 0.80% p.a.inclusive of GST of the balance in the managed portfolio. The investment management fee is calculated as a percentage of the managed portfolio calculated daily and deducted from your cash account monthly in arrears. The investment management fee is paid to HUB24 and used to remunerate the portfolio manager for its services in relation to the Service, and to meet the costs of the asset consulting and the investment management services associated with the portfolio. N/A For information about other fees and costs for trading within a managed portfolio, refer to the IDPS Guide (Part II) and the International Listed Securities Guide (if applicable). 3

4 About the portfolio manager Perpetual Trustee Company Limited Perpetual Trustee Company Limited ( PTCo ) (ABN , AFSL ) is the investment manager in relation to the establishment and implementation of the Perpetual Direct Equity Alpha Portfolio. Perpetual Investments, with PTCo delivers model portfolio services. Perpetual Investments and PTCo are part of the Perpetual Group, which has been in operation for over 130 years. By employing some of the industry s best investment specialists and applying a proven investment philosophy, the Perpetual Group has been able to help generations of Australians manage their wealth. Investment strategy and process Perpetual Investments investment style is first and foremost based on bottom-up fundamental analysis. This approach firstly selects stocks based on company specific fundamentals, and then by the relative attractiveness of their value. The outcome of this investment process is that Perpetual Investments share portfolios demonstrate value characteristics. Stocks are bought only if they have passed rigid stock selection criteria and are deemed to be quality companies, and then only if they are found to be attractive on a valuation basis. In determining investment quality, investments are carefully selected on the four criteria - conservative debt levels; sound management; quality business; and in the case of industrial shares, recurring earnings. How the portfolio manager manages risk? The portfolio manager is unable to eliminate all investment risks, but does analyse, research, manage and aim to reduce the impact of risks on investments by actively monitoring investment markets and the portfolio and use carefully considered investment and risk management guidelines. Risks Before you consider investing in this portfolio, it s important you understand the risks that can affect your investments. A summary of key risks is in the IDPS Guide. See the Risks section in the IDPS Guide and please note this is not an exhaustive list of all the risks. The risks relevant to this portfolio reflect the underlying investments. For information about risks with regard to your personal situation speak to your adviser. Trade notifications If the portfolio manager is planning to perform a rebalance or reallocation on your investment, HUB24 may send you an notifying you of a set of pending investment instructions. This is called a trade notification. The specific details of the investment instructions will be set out on InvestorHUB. You have a minimum of 24 hours from the time and date of the trade notification to cancel these pending investment instructions. If you don t respond or take any action in relation to the pending investment instructions, the portfolio manager will submit the investment instructions on or around am the next business day. If you opt out (i.e. do not consent) to the portfolio manager s proposed rebalancing or reallocation your investment in the managed portfolio will be withdrawn and be deposited into your cash account. If you can t contact your adviser to cancel the pending investment instructions, you can give HUB24 verbal and or written instructions directly, as long as the verbal and or written instructions are received by HUB24 within the time frame mentioned above. The rebalance and reallocation of managed portfolios may occur regularly and you may receive a trade notification from HUB24 each time a rebalance or reallocation occurs. Note: The trade notification feature has been developed to provide transparency and the right to veto any pending investment instructions within the agreed timeframe with your adviser or HUB24. Universe of investments A managed portfolio can only be made up of asset classes and underlying assets and securities from the approved list of investments in the Service. The portfolio manager will select from this list to construct this managed portfolio. Where available, the actual list of assets and securities acquired in all of the above asset categories will be set out in your Statement of Advice. Contact details Operator: HUB24 Custodial Services Ltd Mail: GPO Box 529, Sydney NSW admin@hub24.com.au Phone: Fax:

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